Powered by

Brexit: Fund managers predict Article 50 extension

Jan 16, 2019 - Investment & Pensions Europe

The UK government is likely to request an extension to the Article 50 negotiation period in order to secure parliamentary backing for its withdrawal agreement, according to fund managers.

Politicians overwhelmingly rejected the agreement in a vote last night, leaving prime minister Theresa May facing a vote of no confidence today, and a difficult battle ahead to save her deal with the EU and garner support from lawmakers.

A number of asset managers commenting in the past few hours ha...